Bitcoin ‘Severely Undervalued’ vs Gold, Says Lightspark CEO as Tokenized Gold Hits $3B

Lightspark CEO David Marcus claimed that Bitcoin stays “severely undervalued” in comparison with gold, suggesting the cryptocurrency may attain $1.3 million if it matched gold’s market capitalization.

“I nonetheless really feel Bitcoin is severely undervalued, particularly if you happen to examine it to gold,” Marcus stated throughout a Monday interview with Bloomberg, including that Bitcoin would commerce at $1.3 million per coin at gold parity.

The assertion got here as Bitcoin touched a contemporary all-time high above $126,000 on October 7, whereas tokenized gold property concurrently crossed the $3 billion market cap threshold for the primary time.

Marcus, who beforehand led Meta’s failed Libra cryptocurrency project, argued that Bitcoin’s utility as a impartial settlement asset for world funds has not been priced into present valuations.

Former Meta Executive Sees Bitcoin as Internet of Money

The Lightspark founder emphasised Bitcoin’s position as foundational infrastructure in the course of the interview, evaluating it to the web’s structure.

“Bitcoin is the web of cash,” Marcus acknowledged, explaining that his firm purchased Bitcoin three years in the past to facilitate transactions and assist stablecoins on the community.

Marcus acknowledged the improved regulatory circumstances below the Trump administration in comparison with earlier years, when roadblocks had stifled innovation throughout the crypto business.

He famous that main monetary establishments are actually embracing Bitcoin by means of exchange-traded funds, which may very well be seen as the start of an irreversible shift in the direction of mainstream adoption.

“The horse has left the barn,” Marcus stated, describing Bitcoin as essentially the most accepted and trusted digital asset globally.

His agency entered Bitcoin in the course of the earlier bear market, giving Lightspark an advantageous value foundation as the asset climbed almost 100% over the previous 12 months.

Lightspark focuses on constructing applied sciences on Bitcoin’s Lightning Network, permitting sooner and cheaper cross-border funds in comparison with conventional options.

Marcus described his firm’s work facilitating peso transfers to Mexico 24/7 at a value beneath typical remittance providers as an instance of Bitcoin’s sensible purposes.

Tokenized Gold Surges Alongside Physical Metal’s Record Run

The tokenized gold market reached $3.03 billion in capitalization on Tuesday as bodily gold briefly topped $4,000 per ounce for the primary time ever.

PAX Gold and Tether Gold dominate the sector, with every token buying and selling slightly below $4,000 and intently monitoring spot gold costs.

Trading quantity for gold-backed tokens spiked to $640 million over 24 hours as the dear steel rallied alongside silver, which jumped previous $48.50.

The surge occurred in the course of the sixth day of the U.S. authorities shutdown, which contributed to renewed investor curiosity in conventional secure havens.

Bitcoin’s present worth represents a ratio of roughly 31.6 ounces of gold per coin, down from a peak of over 40 ounces in December 2024.

The declining ratio suggests gold has outperformed Bitcoin in current months regardless of the cryptocurrency’s 30% year-to-date acquire.

Institutional Analysis Supports Undervaluation Thesis

VanEck’s Matthew Sigel individually argued on Tuesday that Bitcoin could reach $644,000 per coin if it captured half of gold’s store-of-value market at present costs.

“Surveys present youthful shoppers in rising markets more and more desire Bitcoin,” Sigel wrote on X, noting that roughly half of gold’s market worth stems from its store-of-value position reasonably than industrial or jewellery demand.

VanEck’s broader analysis tasks that Bitcoin may settle 10% of world commerce by 2050, doubtlessly supporting a long-term worth of $2.9 million per coin.

The analysis additionally estimates that central banks would maintain roughly 2.5% of their reserves in Bitcoin below such a situation.

Deutsche Bank analysts predicted in September that Bitcoin may be a part of gold on central financial institution steadiness sheets by 2030, citing the Trump administration’s strategic Bitcoin reserve initiative.

Bitcoin could quickly be a part of gold as a reserve asset on central financial institution steadiness sheets, in response to analysts at @DeutscheBank.#Bitcoin #Gold https://t.co/lWGN8JhaFN

— Cryptonews.com (@cryptonews) September 28, 2025

The rising Bitcoin edge over gold for institutional traders comes as spot Bitcoin ETFs attracted $3.24 billion in net inflows final week, their second-highest tally since launch.

Centralized exchanges now maintain simply 2.83 million Bitcoin, the bottom degree in six years, intensifying provide constraints as demand accelerates.

The Bitcoin-to-gold comparability has sharpened this 12 months as each property set information amid mounting considerations over foreign money debasement and fiscal uncertainty in major economies.

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